Continental Automotive Products announces investment of 50 million Euro in Timisoara
Continental Automotive Products Company announces the expansion of the factory in Timisoara and one million euros investment in environmental protection. Timisoara Society will be conducted in the period ahead of a new director in the person of Portuguese Pedro Carreira.
Newly appointed, he announced the extension of tire plant, but a series of new environmental investment. Carreira announced Thursday in Timisoara, the extending of the tire production unit.
Continental will begin in July, construction of a new department, Master Batch, this will make the raw material used to manufacture tires. "With this new department in Timisoara production process will be totally independent. Material will be made here, and then will be used to make tires. By now we had to obtain material from other sources, independent producers. The total amount invested will exceed one million euros, money will be used both in new sectors, said Carreira.
In this matter, the Automotivest Association and Continental Automotive Products have made a cooperation agreement to provide for potential suppliers to expand the company realizes.
The new section will carry a mixture of carbon black and oil that will be used to make tires.
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